The Goods and Services Tax (GST) Council, which is the governing body for GST in India, decided to levy a 28% tax on the full face value of the bets involving online gaming, horse-racing and casinos.

This is a significant increase from the current tax rate of 18%, which applies to online gaming. The decision has been met with criticism from the gaming industry, which argues that it will stifle growth and innovation in the sector.

The industry has also pointed out that the decision does not distinguish between "games of skill" and "games of chance," which could lead to legitimate businesses being unfairly penalized.

The finance minister has defended the decision, saying that it was made after considering the "moral question" of whether these activities should be taxed at the same rate as essential items.

However, many people believe that the decision is based on outdated views of gaming and that it will ultimately harm the Indian economy.

The GST hike on online gaming is likely to have a significant impact on the industry. It could lead to some businesses shutting down, while others may be forced to raise prices.

This could make online gaming less accessible to consumers, and could also lead to a decline in the number of people playing these games.

The decision could also have a negative impact on the Indian economy. The gaming industry is a growing sector, and it employs a significant number of people. The GST hike could lead to job losses in the industry, and could also have a negative impact on tax revenue.

Overall, the GST hike on online gaming is a significant decision that will have a major impact on the industry. It is still too early to say what the long-term impact of the decision will be, but it is clear that it will have a significant impact on the industry & Indian economy